How to set a price for your car
It's essential to price your car correctly before putting it up for sale. Set it too high and it may struggle to sell – but price it too low and you could lose money.
We help you price your car correctly.
Browse Top Marques adverts
A quick look through the car advert listings on Top Marques will help you set the price effectively. Search for your car and find out its current going price.
This is ideal if you're selling an old or rare car, since these may not be listed in up-to-date price guides.
Consider any extras your car has. Is it a rare model, one in current demand or no longer manufactured? There could be other aspects which may affect the price, such as low mileages, popular colours or sought-after special editions.
Check price guides
Price guides offer a good indication of how much your car is worth, especially valuations from industry experts.
CAP's guide goes into detail including how much a dealer will sell the car for, how much you'll get in a part exchange deal and if any fluctuations in the used car market could affect the price.
Bear in mind prices calculated in guides are more of an average figure rather than a definite amount.
Ask a car owners club
Some owners clubs offer valuation services – you may have to pay a fee or become a member first.
Enthusiasts may know your car better than you do, and can account for any extras, including your car's mileage and overall condition.
Do some dealer research
It's a good idea to visit dealers and get an idea of your car's trade-in value – anything you get over this will be a profit.
Don't expect to get a similar price to cars at a dealer forecourt however. They offer warranty, guarantees and other services, so set your price substantially lower for a quick sale. Check out manufacturer websites – some offer online trade price valuations.
Understand how depreciation works
Most vehicles lose their value over time – some quicker than others. It's important to know how much your car will be worth in a few years time.
The cars which lose the least value over time are either the best in their class, highly sought-after or rare.
"If you manage to buy a Ferrari F430 or an Audi R8 today you could sell it tomorrow and make £10,000 or £15,000 profit," says TV's used car expert Jason Dawe.
"People will do anything to get them."
